Titanium Media App reported on June 30 that the 10th China Venture Capital Summit Forum was held on June 30. Huang Liping, member of the Party Committee and Deputy Secretary-General of the Asset Management Association of China, said in her speech at the forum that in promoting technological innovation, the role of the private equity venture capital industry in supporting economic transformation and upgrading has been effectively played. As of the end of 2021, private equity funds have invested 8.08 trillion yuan in various equity projects, of which 29.2%, 27.7% and 31.3% are invested in small and medium-sized enterprises, high-tech enterprises, seed-stage and start-up companies, respectively. By the end of 2021, 85.9% of the companies listed on the Science and Technology Innovation Board and 64.1% of the companies listed on the Growth Enterprise Market had received support from private equity and venture capital, with a cumulative investment principal of 164.2 billion yuan. (Source: Securities Times)
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